The U.S., and indeed much of the rest of the world, hasbeen described as a “knowledge society.” How does thisaffect productivity measurement and the comparison ofproductivity between the U.S. and other countries?

Single-factor productivity:a) remains constant.b) is never constant.c) usually uses labor as a facto r.d) seldom uses labor as a factor.c) uses management as a factor.

I need help filling out the rest of this chart and the formula ofr multifactor productivity.    Total Units  Total Units Productivity   Change in Productivity       2019 2020 2019 2020 Change %   Total Revenue (dollars) $1,000,000 $2,100,000           Labor Hours (hours)  $12  $15           Materials (units)  $5  $6           Capital Costs ($) $25,000 $40,000           Energy (kilowatts)  $0.23  $0.23           Total Costs

Explain what you understand of the importance of pursuing value leadership in the marketplace as a key to achieving sustainable competitive advantage. In doing so, discuss the different dimensions ‘value’.